April 27, 2026/InvestmentOne Report The recently published FY:2025 financial result by United Bank for Africa (UBA) showed that interest income amounted to NGN2.65trn, which reflects an underwhelming 9.87% YoY growth. Although interest earned on cash and bank balances (+26.89% YoY to NGN185.37bn) and investment securities (+22.12% YoY to NGN1.47trn) saw […]
Results & Dividends
BUA Cement Plc Q1-26: Earnings Surge on Revenue Growth and EBITDA Margin Expansion
April 24, 2026/Cordros Report BUA Cement Plc (BUACEMENT) released its Q1-26 unaudited financials yesterday (23 April), reporting a 117.4% y/y surge in EPS to NGN5.21 (Q1-25: NGN2.40). The expansion in earnings was driven by a 22.1% y/y growth in revenue, a muted increase in cost of goods sold (+0.5% y/y), and a […]
Zenith Bank Plc 2025FY: Provisioning Tailwind to Materially Bolster Profitability
April 24, 2026/Cordros Report In this update, we present our 2026E outlook for Zenith Bank Plc (ZENITHBANK) following the release of its 2025FY results. Our thesis for ZENITHBANK in 2026E centres on our expectations of a decline in credit costs, reflecting improved asset quality and already elevated coverage levels. Specifically […]
